Image courtesy of Bangkok Post

 

The new coalition government led by the Move Forward Party is expected to have a positive impact on retail, banking, and tourism stocks, as per analysts. The party’s policies aim to enhance the economy’s efficiency by reducing monopolies and increasing welfare for all, says Asia Plus Securities (ASPS). The sectors likely to benefit from these policies include retail, tourism, transport, electronics, banking, and hospitals. However, hotel, restaurant, energy, leasing, and construction sectors may not fare as well under the party’s policy direction.

 

“Sectors that should benefit from the policies of the Move Forward Party are retail, tourism, transport, electronics, banking, and hospitals,” stated ASPS, with beneficiaries including Central Pattana (CPN), Home Product Center (HMPRO), COM 7, Srinanaporn Marketing (SNNP), KCE Electronics (KCE), Nex Point (NEX), Krungthai Bank (KTB), and Kasikornbank (KBANK).

 

On the other hand, power conglomerates such as Gunkul Engineering (GUNKUL), Gulf Energy Development (GULF), B.Grimm Power (BGRIM), and Global Power Synergy (GPSC) are likely to be negatively affected, according to ASPS.

 

Full Story: https://thethaiger.com/news/business/move-forward-party-policies-to-boost-retail-banking-and-tourism-stocks

 

-- © Copyright Thaiger 2023-05-18

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

11 hours ago, snoop1130 said:

The new coalition government led by the Move Forward Party is expected to have a positive impact on retail, banking, and tourism stocks,

...if they ever manage to form a working government by overcoming the hurdles that will be thrown at them to prevent just this ...

Nothing about improving education? No modern manufacturing? More of the same.

How will a new Government improve the slow service by incompetent 'officers' at most high street banks?

Hospitals? Aren't they already wallowing in the cash?